Using a commitment strategy in:
A) a simultaneous game can alter payoffs, but has no effect in sequential games.
B) a simultaneous game has no effect, but can alter the payoffs and outcome of sequential games.
C) either a simultaneous or sequential game has little impact on payoffs or outcome.
D) either a simultaneous or sequential game can greatly alter the payoffs and outcome of the game.

Question

Quizplus · Accepted Answer

Commitment strategies can significantly influence the payoffs and outcomes in both simultaneous and sequential games by altering the strategic options and expectations of the players involved.

Using a Commitment Strategy In